Asgard Alcobev Limited Appoints Ronak Jain as Managing Director
Asgard Alcobev Limited, formerly known as Banganga Paper Industries Limited, announced the appointment of Mr. Ronak Jain as Managing Director, effective March 19, 2026. Mr. Jain brings over 15 years of experience in the liquor and beer industry, spanning manufacturing, packaging, distribution, corporate strategy, business expansion, operational efficiency, and financial management. He is set to drive the company's strategic realignment and long-term growth.Simultaneously, the company strengthened its leadership team with the appointments of Ms. Priyanka Jain as Additional Director (Non-Executive) and Chief Financial Officer (CFO) & Finance Director, and Mr. Binit Singhania as CFO & Finance Director, effective today.
Leadership Team:
- Mr. Ronak Jain – Managing Director: A seasoned professional in the alcoholic beverages sector, Mr. Jain has led initiatives across production, packaging, and distribution. His expertise in formulating corporate strategy and enhancing operational performance will be central to executing Asgard Alcobev’s turnaround and expansion plans.
- Ms. Priyanka Jain – Additional Director (Non-Executive): With over a decade of experience in human resources and organizational development, Ms. Jain specializes in talent management, culture initiatives, and aligning HR strategy with business objectives.
- Mr. Binit Singhania – CFO & Finance Director: A finance veteran with over 15 years in accounting, taxation, compliance, and strategic financial planning, Mr. Singhania will implement rigorous controls and support scalable growth initiatives.
Mr. Ronak Jain commented, "I am honoured to lead Asgard Alcobev at this pivotal time. Our immediate focus is on executing a forward-looking strategy that leverages strengths in operations, people, and finance to revitalize the company and create long-term value for shareholders, partners, and customers."
These appointments underscore Asgard Alcobev's ongoing strategic realignment, following its transition from a paper manufacturing business to the alcoholic beverages sector. The company recently acquired a majority stake in CMJ Breweries in Northeast India.
About Asgard Alcobev Limited
Asgard Alcobev Limited is an emerging player in India's alcoholic beverages industry. Rebranded from Banganga Paper Industries Limited, the company has refocused on the growing liquor and beer market. With a strong Northeast India presence through its subsidiary CMJ Breweries and a dynamic leadership team, Asgard Alcobev is committed to innovation, operational excellence, and long-term stakeholder value creation.
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